Tag: taxpayers

Kicker

Kicker What is 'Kicker' 1. A right, exercisable warrant, or other feature that is added to a debt instrument to make it...

Offer In Compromise

DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax...

Ability-To-Pay Taxation

Ability-To-Pay Taxation What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a...

Above The Line Deduction

DefinitionIn the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his...

Abusive Tax Shelter

Abusive Tax Shelter What is 'Abusive Tax Shelter' An investment scheme that claims to reduce income tax without changing the value of...

Ratable Accrual Method

Ratable Accrual Method What is 'Ratable Accrual Method' A method for determining when and how much income was earned over a period...

Charitable Contributions Deduction

Charitable Contributions Deduction Charitable contributions deduction is a tax incentive offered to individuals that donate sums to a recognized charity. The tax deduction allows...

Qualified Production Activities Income (QPAI)

Qualified Production Activities Income (QPAI) What is 'Qualified Production Activities Income - QPAI' Income derived from domestic production that qualifies for...

Tax Base

Tax Base What is a 'Tax Base' Tax base is defined as the income or asset balance used to calculate a tax...

De Minimis Tax Rule

De Minimis Tax Rule What is the 'De Minimis Tax Rule' The De Minimis tax rule is a rule that states that...

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